Return Account definition

Return Account means, for each Project, a notional account maintained for Investor in accordance with the following: (i) on each Calculation Date after the Effective Date, the following amounts will be added to such Account: (a) an amount equal to the product of (x) 2.0016% of the balance in Investor's Capital Contribution Account as of the first day of the Fiscal Year quarter in which such Calculation Date occurs, multiplied by (y) a fraction, the numerator of which is the number of days that have theretofore elapsed during such Fiscal Year quarter and the denominator of which is the total number of days in such Fiscal Year quarter; and (b) an amount equal to the product of (x) 2.0016% of the balance in the 8.25% Return Account as of the first day of the Fiscal Year quarter in which such Calculation Date occurs, multiplied by (y) a fraction, the numerator of which is the number of days that have theretofore elapsed during such Fiscal Year quarter and the denominator of which is the total number of days in such Fiscal Year quarter; and (ii) on each Calculation Date after the Effective Date, the following amounts that generated by such Project under Section 8.1(f) hereof will be deducted from such Account until the balance is reduced to zero: (a) the amount of distributions of Available Cash of such Project allocable during such Fiscal Year quarter to such Account under Section 8.1(f)(4) hereof; (b) the amount of distributions of Capital Proceeds made during such quarter to Investor under Section 8.3 hereof that are applied to reduce the balance in such Account in accordance with Section 8.1(f) hereof; (c) the amount of distributions of Net Refinancing Proceeds made during such quarter to Investor under Section 8.4(b) hereof; and (d) the amount of RSD Payments made to Investor during such quarter and allocated to the 8.25% Return Account under Section 13.1(c)(6)(i) hereof.

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Return Account for the Partners shall mean the sum of:

Return Account means a bookkeeping account established with respect to each Limited Partner in order to determine whether and when cumulative cash distributions to such Partner exceed the aggregate of its Capital Contributions and a 10% per annum cumulative, compounded annual return thereon (such rate of return shall hereinafter be referred to as the "RETURN RATE"). The Return Account shall be determined on the last day of each calendar month as follows:

Examples of Return Account in a sentence

• In connection with the determination of the amount of distributions of Remaining Distributable Cash Flow with respect to the Residual Units in accordance with Section 3.5, Company shall record in its books and records and track the Additional Preferred Return Account.

• Subject to Section 13.2, Net Sales Proceeds shall be distributed to the Partners as determined by the General Partner in its sole and absolute discretion in accordance with their respective Percentage Interests as of the applicable Partnership Record Date until the Unrecovered Contribution Account and 8% Return Account of the General Partner has been reduced to zero ($0).

• If the Advisor has not been terminated under the Advisory Agreement as of the Listing Date, the Advisor shall receive a distribution, which shall be paid within five (5) Business Days of the determination of the Market Value, in an amount equal to 10% of the amount, if any, by which the Market Value exceeds the Unrecovered Contribution Account and the 8% Return Account of the General Partner on the Listing Date.

• The Parties agree that contemporaneously with the Closing, as a condition to Seller’s obligations to close hereunder, the Company shall make a distribution to Seller pursuant to Section 5.4(a)(i) of the Company Operating Agreement in an amount sufficient to reduce Seller’s Primary Return Account to zero.

• The Board shall not issue additional Units or increase such Member’s Capital Return Account in exchange for any Capital Contribution made under this Section 6.2(b)(ii).

• A Preferential Return Account shall be maintained for each Preferred Unit Holder in accordance with this provision.

• Each Preferred Unit Holder’s Preferential Return Account, as determined and adjusted pursuant to this Section 3.8, shall be separate and distinct from each Preferred Unit Holder’s Capital Account and will be maintained pursuant to this Section 3.8 solely for the purpose of determining the amount of cash to be distributed to each Preferred Unit Holder and the priority of such distributions pursuant to Section 5.2(b) hereinbelow.

• Net Sales Proceeds shall be distributed to the Partners as determined by the General Partner in its sole and absolute discretion in accordance with their respective Percentage Interests as of the applicable Partnership Record Date until the Unrecovered Contribution Account and 8% Return Account of the General Partner have been reduced to zero ($0).

• The Preferred Units shall no longer be deemed to be outstanding as of the date on which each Preferred Unit Holder’s Preferential Return Account has been reduced to zero and there is no accrued but unpaid Priority Return due to any Preferred Unit Holder.

• Such Non-Member Transferee will succeed to the Capital Account, and if applicable, the Preferred Return Account and the Preferred Investment Account, of the transferor Member.

More Definitions of Return Account

Return Account means an Account that was previously accepted by a -------------- Credit Card Issuer in respect of which the Customer returns to Seller all or a portion of the purchased items, which return results in a credit to that customer's credit card account, and a corresponding reimbursement obligation to the Credit Card Issuer.

Return Account means an account at a Bank held by You in Your name. Such account may be changed from time to time in accordance with Condition 9.1;

Return Account means with respect to any Party at any time, the excess, if any, of such Party’s Return through such time over the total amount of cash distributed to such Party prior to such time pursuant to Sections 4.1(a)(i) and 4.1(b)(i), in the case of the Company, or Sections 4.1(a)(i) and 4.1(b)(iii), in the case of SPV.